Tuesday, July 23, 2024
HomeWorld newsJapan aims to restore Sri Lanka for regional stability

Japan aims to restore Sri Lanka for regional stability

Sri Lanka’s strategically placed economic recovery is essential for stability in the Indo-Pacific region, Japanese Foreign Minister Yoko Kamikawa said on Saturday, urging Colombo to quickly restructure its foreign debt.

After talks with her Sri Lankan counterpart, Ali Sabry, Kamikawa said Colombo should enter into agreements with bilateral lenders and international government bond holders to release suspended foreign financing.

The Sri Lankan government, which defaulted on its $46 billion foreign debt by April 2022, had hoped to finalize agreements with foreign creditors in April, but no final agreements have yet been reached.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

Translate ยป